HAIDILAO (06862): Controlling shareholder, executive director, chairman and chief executive officer Zhang Yong plans to increase his holdings in the company by no less than 1 billion Hong Kong dollars.

HAIDILAO (06862) Announcement, the company's board of directors received notification from its controlling shareholder, executive director, chairman of the board and CEO Mr. Zhang Yong, that based on his recognition of the company's value and his positive judgment on the overall business development, the prospects of China's economic development, and the growth potential of the consumer market, he plans to increase his shareholding in the company through the open market with his own funds directly or through entities controlled by him in the next 12 months from the date of this announcement, by an amount not less than one billion Hong Kong dollars. As of the date of this announcement, Mr. Zhang Yong directly and indirectly holds a total of 20.82 billion shares in the company through entities controlled by him, accounting for approximately 37.36% of the company's issued shares (excluding treasury shares). According to the information available to the company and to the best knowledge and belief of the directors, if the increase plan is implemented, the company will still maintain a sufficient level of public shareholding. The board of directors believes that this increase plan demonstrates Mr. Zhang Yong's long-term commitment and strong confidence in the group's prospects, and reflects his positive expectations for the development of the Chinese economy and related consumer sectors.